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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free Access### POV - Dollar-yen started the week....>
DOLLAR-YEN: ### POV - Dollar-yen started the week on a buoyant tone after
Governor Kuroda's powerful monetary easing remarks sent the pair to near 8-month
highs of Y114.73. A minor retrace to Y113.70 was quickly eroded to settle around
the Y114.00 area.
- As monetary policy divergence continues, the Fed is expected to carry out
further policy tightening, whilst the BOJ is set to continue with its ultra-easy
monetary policy. Another factor to look at is tax, PM Abe plans to raise Japan's
sales tax from 8% to 10% in October 2019, President Trump has proposed to
overhaul the US tax code with lower taxes.
- This could further pressure the yen and look to challenge the key Y115.00 area
which is reported to hold barrier protection.
- As an additional note November historically has been a good month for the
pair, dollar-yen has shown solid gains in 6 of the last 7 years.
- One caveat for the move higher could come from geopolitical tensions which
should boost the safe-haven yen.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.